This Year,the Nano Trust Reported $50,000 Entity Accounting Income and $40,000

question 101

Multiple Choice

This year,the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income (DNI) .Nano distributed $30,000 cash to Horatio,its sole income beneficiary.Nano is a complex trust.Nano's distribution deduction is:

• A)$30,000.
• B)$40,000.
• C)$50,000.
• D)$0.Because the distributions of a complex trust are discretionary,no deduction is allowed.

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